---
id: department-0024
title: "What happens if I still owe money on my trade-in vehicle?"
category: department
subtopic: trade-in
page_type: department
source_url: "https://www.castlesubarumchenry.com"
tags: ["trade-in", "financing", "payoff"]
questions:
  - "I have a loan on my current car-can I trade it in?"
  - "What if I'm upside down on my trade-in?"
  - "How does the dealer handle my existing loan?"
related: [finance-overview, trade-in-process]
dealer: Castle Subaru McHenry
---

Yes, absolutely-trading in a vehicle you still owe on is common and straightforward. Castle Subaru McHenry handles the payoff process for you. Here's how it works:

When we appraise your vehicle, we determine its current market value. If that value is more than what you owe, the difference becomes a credit toward your new purchase. If you owe more than the car is worth (sometimes called being "upside down"), that amount can typically be rolled into your financing on the new vehicle-our finance team will walk you through the options.

Our team coordinates directly with your lender to pay off the loan, so you don't have to juggle paperwork. This keeps the process simple and lets you drive away in your new Subaru with one clean transaction.

To get started, **call (779) 601-0797** and tell us about your current vehicle and what you owe. Our sales and finance teams are ready to explain your exact options and get you into the right car.